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| 02 December, 2020, 05:48 AM IST | E-Paper
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    SME

    Paytm waives off all charges on merchant transactions

    ​Paytm will absorb Rs 600 crore in MDR charged annually by banks and other charges to support MSMEs during the ongoing pandemic.

    U GRO Capital partners with Wadhwani Foundation to help MSMEs thrive in post Covid era

    MSMEs can benefit from this partnership by addressing their strategic, operational and development needs as part of the ‘Sahayata Stability Program’.

    These companies are making finance easy for small firms

    If the Covid-19 pandemic has made one thing clear it is that every company whether small or big needs to go online. Some companies are helping SMEs to stay connected and become more independent. Here's a look at five such companies and how they are helping the small companies.

    Vistaar Finance raises $30 million from Dutch entrepreneurial development bank FMO

    Vistaar has now raised over Rs 550 crore of debt financing in just seven months of this financial year.

    VN Finance launches app to help small & medium sized businesses

    In addition to sourcing and assessing loan applications, it is using technology to assess creditworthiness and loan limits for the customers based on machine learning algorithms.

    Can a startup mentality save small businesses?

    Small businesses are employing a strategy similar to the “fail fast” approach well known in startup culture.

    Odisha govt extends financial incentive to 278 MSME units

    These units are spread over the sectors like fly ash brick making, paper egg trays, corrugated papers, plastic moulded products, milk and milk products, bakery, paper cup and other miscellaneous industries.

    From small businesses to farmers, middle India is driving demand

    Farmers, benefiting from a bumper crop, are lapping up tractors while demand for personal vehicles, due to a lack of public transport and the need for safer travel options, has boosted sales of cars and motorcycles.

    India’s economy shrinks sharply as Covid-19 slams small businesses

    The latest data firmly establishes India’s position among the worst-performing major economies, despite government spending meant to blunt the pandemic’s impact.

    Agritech during COVID-19: Has it lived up to the hype?

    Despite the ongoing pandemic, agtech businesses are playing a crucial role by bringing innovation backed by technology, and solving critical challenges that are hampering the growth of the farming community.

    Facebook’s AI mistakenly bans ads for struggling businesses

    Facebook has been automating content moderation for years, a transition it highlights in a quarterly report detailing how much content the company removes.

    ECLGS 2.0 scheme: Govt extends credit guarantee scheme to 27 sectors

    ECLGS 2.0 scheme: Govt extends credit guarantee scheme to 27 sectors

    The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package. "Under ECLGS 2.0 entities with outstanding credit above Rs 50 crore and not exceeding Rs 500 crore as on February 29, 2020, which were less than or equal to 30 days past due as on February 29, 2020 are eligible," the statement said.

    ECLGS 2.0: Borrowers to repay principal amount in 48 installments post 1-year moratorium

    ECLGS 2.0: Borrowers to repay principal amount in 48 installments post 1-year moratorium

    The government termed the credit product under which the guarantee would be given as Guaranteed Emergency Credit Line (GECL), in the guidelines released along with a set of 127 frequently asked questions (FAQs).

    Plum raises $4.1 million to provide group health insurance to SMEs

    Plum raises $4.1 million to provide group health insurance to SMEs

    Many Indian businesses find the insurance purchasing process to be tedious, opaque and costly, with the entire process taking months to set up. To address these issues, Plum has forged new underwriting and fraud detection measures with a wide range of insurance companies.

    SIDBI inks MoU with Tamil Nadu govt to develop MSMEs

    SIDBI inks MoU with Tamil Nadu govt to develop MSMEs

    The setting up of the project management unit aims at bringing focused engagement in various forms leading to a stronger 'Atmanirbhar' state and country.

    Indifi Technologies, PayU launch Early Credit to resolve funding issues faced by SMEs

    Indifi Technologies, PayU launch Early Credit to resolve funding issues faced by SMEs

    Early Credit can be used during bank holidays when businesses don’t get paid, causing further delay in their operations.

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